Economics · May / June 2025 · Paper 11 · Question 5
2281Price changes
Good weather results in an increase in the demand for and supply of peaches. How will this affect the price and quantity traded in the market for peaches?
- Aprice of peaches: fall; quantity of peaches traded: fall
- Bprice of peaches: rise; quantity of peaches traded: rise
- Cprice of peaches: rise; quantity of peaches traded: uncertain
- Dprice of peaches: uncertain; quantity of peaches traded: rise
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Correct answer: D. price of peaches: uncertain; quantity of peaches traded: rise
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